54. Winter Sports, Inc. and Ski Unlimited Co., conduct an exchange with commercial substance. The equipment given up by Winter Sports had a historical cost of $100,000, and accumulated depreciation to date of $28,000. The asset given up by Ski Unlimited and acquired by Winter Sports has a book value of $120,000 on Ski's records and a fair market value of $114,000 on the day that Winter acquired it. Cash of $24,000 is also received by Ski Unlimited Co, from Winter Sports in the exchange What amount of gain, if any, should Winter record on the exchange of the asset? a. SO b. $18,000 c. $24,000 d. $42,000 None of the above e